Carlisle upgraded to Outperform from Market Perform at BMO Capital BMO Capital upgraded Carlisle following the sale of the lower margin Transportation Products division, increasing operating leverage, and cash flow generation. Price target raised to $88 from $70.
Carlisle sees FY16 revenue growth in mid-single digits, consensus $3.72B Sees FY16 CapEx $100M-$125M. In the FoodService Products segment, the company expects low-single digit net sales growth. In the Fluid Technologies segment, the company expects sales increases likely to be in the mid-single digit range. In the Construction Materials segment, outlook in commercial construction in the U.S. "remains positive". Expects net sales growth in the Carlisle Interconnect Technologies segment in the mid-to-high single digit percent range.